Chennai: Indian Overseas Bank’s annual net profit crossed Rs 5,000 crore for the first time, with the public sector lender reporting FY26 profits at Rs 5,209 crore, up 56% from Rs 3,335 crore in FY25, driven by higher income and lower provisions and tax expenses. The bank’s operating profit also crossed Rs 10,000 crore for…
Mumbai, Apr 29 (ANI): Mumbai Indians’ skipper Hardik Pandya bowls during the Indian Premier League 2026 match against Sunrisers Hyderabad at Wankhede Stadium, in Mumbai on Wednesday. (ANI Photo) After suffering yet another loss in IPL 2026 despite posting a mammoth 243 on the board, Mumbai Indians captain Hardik Pandya admitted that his team does…
Mumbai: The rupee fell to a record closing low of 94.85 per dollar on Wednesday, declining by 31 paise from its previous close of 94.54, as rising oil prices, stalled geopolitical developments, and continued foreign outflows weighed on the currency.Pressure on the rupee came amid a broader weakening across Asian currencies, with the Philippine peso…
INDORE: A dozen people, including at least three children, were killed after a pickup truck carrying around 35 labourers overturned at high speed and crashed into an SUV on Indore-Ahmedabad national highway in Dhar district of Madhya Pradesh, about 250km southwest of Bhopal, police said.The crash occurred near Chikhalia Phata in Tirla area, roughly 40km…
Mumbai: RBI has introduced a new ‘calamity chapter’ in its guidelines, creating a dedicated framework for disaster-related relief that separates such measures from general restructuring and tightens eligibility, accounting, and provisioning norms.Unlike in the past when relief measures were handled under broader restructuring frameworks, the new rules establish a distinct Chapter VI-A for natural calamities…
NEW DELHI: Virtual proceedings before the chief justice of Delhi High Court were disrupted thrice on Wednesday after a person logged in and played pornographic content.At one stage, a participant under the name ‘Sh*tjeet Sighn’ played an obscene video. At the same point, an audio in the background announced, “Shut down the meeting right now….
Mohammad Ali celebrates the wicket of Steve Smith. (Video grab) Tempers flared in the Pakistan Super League as Steve Smith was caught on camera in an angry outburst after his dismissal, with a viral video showing the Australian star slamming his bat inside the dressing room following a heated send-off on the field.The incident unfolded…
New Delhi: In good news for patients, Indian Patent Office has refused a patent on MNC firm AbbVie’s blockbuster immunology therapy Rinvoq, paving the way for affordable versions to enter the domestic market. In a recent hearing, the Delhi Patent Office held that the claimed invention was “obvious” and lacked inventive step, a violation of…
Bengaluru: In a bid to strengthen its AI infrastructure capabilities, Cognizant is acquiring Astreya, a tech firm specialising in AI infrastructure and data centre services, in a deal valued at about $600 million – its third-largest acquisition after Trizetto and Belcan. Astreya manages over 500,000 end users and supports nearly 30% of the world’s data…
Mumbai: The RBI has dealt a blow to Tata Sons’ bid to avoid going public, rejecting an argument that would have allowed the Tata conglomerate’s holdco to surrender its financial licence and evade a mandatory stock exchange listing. In directions published on Wednesday, RBI clarified that equity received from group companies with access to capital…